Corporate Current Account

UBL UK does not offer Arranged Overdrafts.

If a transaction on your Account places it into an unapproved overdraft, you will be charged an unapproved overdraft fee of £50 for each transaction that you make on your Account, and the debt balance will be subject to unapproved interest charges of UBL UK Base Rate + 8%.

Representative example:

If you use an unapproved overdraft of £1,000 for 7 days, we will charge you an unapproved overdraft arrangement fee of £50 and daily interest of 11.5% of the debt balance calculated daily and charged monthly. The total fees due at the end of this 7 day period would be: £50 Arrangement Fee, £2.09 Interest.

All overdraft outstanding amounts and fees are repayable on demand.

Cheque Book – issue cheques using your UBL UK cheque book.

Online Banking – manage your Account online using UBL UK Business Internet Banking.

UBL UK is not a member of the Current Account Switch Guarantee.

Eligibility:

You must;

• Individual applicants should be aged 18 or over
• The business should be Sole Proprietors, Partnerships, Trusts or Private Limited Companies

Minimum/Maximum Balance:

• There is no minimum balance

How to open the Account:

To apply for the account, you will need to Download the Application Form, complete and then return it along with verified copies of the documents mentioned in the application form:

• Via post: FREEPOST: RUEE-STYR-XYKE, UBL UK, 2 Brook Street, London W1S 1BQ
• In branch: Visit our branch

You can contact our Customer Services Team on 0121 753 6000 Monday to Friday between 9:15 am and 5:15 pm for more information.

Please make sure that you read the Business Banking Terms and Conditions before you apply for this Account.

More information about ID and Verification can be found here.

Business Banking Terms and Conditions

How we protect your deposits

Interest Rate Sheet

Business Banking Schedule of Charges

Managing your Account

• Online: You may register for New Internet Banking at businessbanking.ubluk.com or download our new Mobile App by searching for 'UBL UK Business Banking' in your app store. 
• Secure Message: when registered for internet and mobile banking, you can send secure messages directly to our team to maintain your account and give UBL UK instructions.
• In branch: Visit our London Branch, Monday to Friday between 9:30 am and 4 pm
• In writing: By post, sending instructions to FREEPOST: RUEE-STYR-XYKE, UBL UK, 2 Brook Street, London W1S 1BQ (all written instructions must be countersigned and dated by all named Account holders)
• Telephone: You can contact our Customer Services Team Monday to Friday from 9:15 am to 5:15 pm for support

The Account can be opened by Sole Proprietors, Limited Liability Partnerships, Trusts and Limited Companies.